Most affordable place to live in UK where some homes sell for as little as £5,000

The town boasts beautiful countryside, excellent value for property buyers, and is well-served by major transport links

Shildon has been identified as the most affordable part of the UK and has been described as a fantastic place to reside. The median house price in Shildon stands at £69,650, while the average annual income for a couple is £65,438.

In England, the North East dominates the list of the top 10 most affordable areas, with six located in County Durham. Situated just 13 miles from Durham, Shildon is an idyllic town that offers an ideal location for city commuters seeking tranquillity after work.

According to a study by Zoopla, British couples are projected to spend nearly four times their combined salary on a home in 2023, reports the Express. This isn't the first time Shildon has been recognised as the most affordable place to live in the UK.

The town boasts beautiful countryside, excellent value for property buyers, and is well-served by major transport links. For those buying their first home, Shildon is an ideal choice, offering outdoor space and easy access to major cities. The area is particularly popular among young families.

At the time of writing, the least expensive property is listed for £5,000, followed by another listed for £10,000. Shildon is conveniently located just a 25-minute drive from Durham, providing residents with the best of both worlds - access to both the countryside and the city.

The town has a rich history, housing the Locomotion Museum as it was the site of the first station in England on the Stockton and Darlington Railway. Hackworth Park, situated in the heart of Shildon town, is named after Timothy Hackworth, a renowned locomotive engineer. The park features a drinking fountain erected in honour of one of his engine designs and also boasts a statue of him.